Common use of Allowed Administrative Expenses Clause in Contracts

Allowed Administrative Expenses. Any and all amounts owed to Buyer by Sellers hereunder or under any Ancillary Agreement after the Execution Date shall constitute allowed administrative expenses of the Sellers under sections 503(b)(1) and 507(A)(1), as applicable, of the Bankruptcy Code.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Weirton Steel Corp), Asset Purchase Agreement (International Steel Group Inc)

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Allowed Administrative Expenses. Any and all amounts owed to Buyer by Sellers hereunder or under any Ancillary Agreement after the Execution Date shall constitute allowed administrative expenses of the Debtor Sellers under sections 503(b)(1) and 507(A)(1), as applicable, of the Bankruptcy Code.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Bethlehem Steel Corp /De/), Asset Purchase Agreement (International Steel Group Inc)

Allowed Administrative Expenses. Any and all amounts owed to Buyer by Sellers hereunder or under any Ancillary Agreement after the Execution Date date of this Agreement shall constitute allowed administrative expenses of the Sellers under sections 503(b)(1) and 507(A)(1), as applicable, of the Bankruptcy Code.

Appears in 1 contract

Samples: Asset Purchase Agreement (Weirton Steel Corp)

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Allowed Administrative Expenses. Any and all amounts owed to Buyer by Sellers hereunder or under any Ancillary Anc illary Agreement after the Execution Date shall constitute allowed administrative expenses of the Debtor Sellers under sections 503(b)(1) and 507(A)(1), as applicable, of the Bankruptcy Code.

Appears in 1 contract

Samples: Asset Purchase Agreement

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